ChainCatcher reports that, according to Decrypt, the American law firm Bragar Eagel & Squire is investigating whether Semler Scientific has violated federal securities laws or engaged in other illegal business practices, and is calling on shareholders who have suffered losses to contact their lawyers.
Semler Scientific previously disclosed in February this year that the US Department of Justice might file a legal lawsuit against its business. The Department of Justice has been conducting a civil investigation into the company's reimbursement claims since 2017, and has made multiple follow-up requests in 2019, 2021, 2022, and 2023. Recently, both parties attempted to settle but were unsuccessful.
As previously reported, the company spent $50 million to purchase 455 bitcoins between May 13 and May 22, with an average purchase price of $109,801 per bitcoin, bringing its total holdings to 4,264 bitcoins.
